Renaissance Technologies LLC lifted its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,789,000 shares of the aerospace company’s stock after buying an additional 295,500 shares during the period. Renaissance Technologies LLC owned about 0.97% of Embraer-Empresa Brasileira de Aeronautica worth $32,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ERJ. Quantbot Technologies LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $101,000. JFS Wealth Advisors LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 7.6% in the 2nd quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock valued at $121,000 after buying an additional 470 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 2.3% in the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after buying an additional 169 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock valued at $199,000 after buying an additional 152 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 126.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after buying an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 50.79% of the company’s stock.

A number of research firms have issued reports on ERJ. Cowen and Company cut Embraer-Empresa Brasileira de Aeronautica from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $27.00 to $24.00 in a report on Wednesday, June 21st. BidaskClub upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. ValuEngine upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “sell” rating and lowered their target price for the stock from $26.00 to $18.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.50.

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Embraer-Empresa Brasileira de Aeronautica (NYSE ERJ) opened at 22.55 on Friday. The firm’s 50-day moving average price is $22.73 and its 200-day moving average price is $20.73. The company has a market cap of $16.57 billion, a PE ratio of 61.44 and a beta of 0.34. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $17.06 and a 12-month high of $24.95.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Friday, July 28th. The aerospace company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.15% and a return on equity of 11.02%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 29.5% compared to the same quarter last year. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post $1.61 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th will be paid a $0.0516 dividend. This is an increase from Embraer-Empresa Brasileira de Aeronautica’s previous special dividend of $0.05. The ex-dividend date of this dividend is Tuesday, September 19th. Embraer-Empresa Brasileira de Aeronautica’s payout ratio is 17.48%.

Embraer-Empresa Brasileira de Aeronautica Profile

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Institutional Ownership by Quarter for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

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